Pricegrabber.com Purchased by GUS

Today Nvidia purchased chipset vendor, ULI. That wasn't the only purchase going on though, as GUS has purchased PriceGrabber.com. The popular online shopping site came with a $485 million dollar price tag, with profits expecting to grow by about %50 this year.

"GUS is now becoming almost an Internet stock rather than a retailer,'' said Stuart Fraser, a director at Brewin Dolphin Holdings, which oversees $30 billion. ``Experian is dominating the group now and this is an add-on for the Experian offering. That's where the value of the company is perceived at the moment."

 


Tags:  Price, Ice, sed, purchase, Chase, Abbe, COM
Via:  Bloomberg.com
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